The University of Calgary, recognized as one of Canada’s leading research institutions, currently provides housing for 3,100 students, which represents 8.6% of its total student population of 36,000. As of Fall 2023, the University successfully implemented a first-year housing guarantee. However, the previous year, the institution faced a significant waiting list, prompting many students to seek off-campus housing alternatives. In response, the University aimed to better understand student housing demand amid the volatility of the off-campus rental market. Provincially, vacancy rates and rental costs fluctuate considerably from year to year. To address these challenges, the University of Calgary has explored opportunities for both on-campus development and off-campus partnerships while also gaining deeper insights into the local rental market, student housing preferences, and future accommodation needs.
Scion’s approach included both qualitative and quantitative data collection methods. This encompassed an online survey to gauge student preferences, cost sensitivities, and current housing situations, an in-depth off-campus market analysis, and a review of institutional enrollment and occupancy data. Additionally, Scion gathered qualitative data during a campus visit, which included a Strategic Objectives Workshop with campus executives and leaders, tours of existing campus housing and the off-campus market, interviews with city representatives and surrounding purpose-built student housing operators (PBSH), as well as several student focus groups and stakeholder meetings. A comprehensive analysis of all facilities and potential housing sites was also used to create several options for various housing.
Scion’s analysis indicated that demand for student housing at the University of Calgary remains robust, presenting an opportunity to expand the housing portfolio to better accommodate upper-year and graduate students. Several existing facilities were identified as strong candidates for redevelopment, offering the potential to provide modernized accommodations for first-year students. Furthermore, the University could strategically leverage nearby hotel and purpose-built student housing (PBSH) options to manage surplus demand and address housing needs during redevelopment periods.